Sundaram Home Finance launches K'taka branch, eyes ₹900 cr loan disbursals

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Sundaram Home Finance launches K'taka branch, eyes ₹900 cr loan disbursals - Business Standard

Quick Summary:

Commenting on the expansion in Karnataka, Sundaram Home Finance Managing Director D Lakshminarayanan said in a company statement on Friday: "We believe there are significant opportunities in smaller towns in Karnataka for our prime home finance business, and we aim to deepen our presence in these markets over the next 12 months".

Sundaram Home Finance, a subsidiary of non-banking finance company Sundaram Finance Ltd, strengthened its footprint in Karnataka by launching a new branch in Tumkur.

The Chennai-headquartered company currently operates 18 branches across locations including Mysore, Mangalore, and Hubballi and has also planned to expand into Tier III cities this year.